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Reply to "Is i stupid to lease cars?"
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[quote=Anonymous][quote=Anonymous]If the car depreciates less than the agreed amount then leasing costs more (but then you can often get that money back by buying out the lease) If a car depreciates more than the agreed amount then leasing was cheaper. There is no inherently better or worse method, leasing or buying. They are financial mechanisms.[/quote] +1000 THIS. Do your research - come cars are CHEAPER to lease (cars that hold their value well) and some are CHEAPER to buy (cars that depreciate very quick after you drive off the lot) -- use this lease vs finance calrulator: https://leasehackr.com/calculator It is also a very weird time to buy --- technology on EVs is moving quick. I have no interest in owning a LOW MPG SUV for the next 10 years, but there are also very few EV options on the market with a third row --- so I will lease for three years and then reassess. [/quote]
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